Ex-McGuireWoods Atty Gets 3 Years For $17M PIPE Con

Law360, New York (February 28, 2011, 9:05 PM EST) -- A former McGuireWoods LLP attorney who made millions of dollars by improperly selling unregistered shares of newly merged public companies was sentenced Monday to three years in prison.

In addition to the prison time, Judge Deborah A. Batts of the U.S. District Court for the Southern District of New York sentenced Louis W. Zehil to three years of supervised release and ordered him to forfeit the $17 million he made in the fraud, pay restitution to the fraud victims and a $10,000 fine.